NOT LISTED FOR SALE

250 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $397,593 - $445,000

3 Beds
2 Baths
2,200-2,399 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2018

Last sale price $268,000 $112 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,547 / mo

105 Days on Market

Highlights

  • Updated Kitchen
  • Landscaped Professionally
  • Traditional Architecture
  • White Station High Rated A
  • Living Room with Fireplace
  • Wood Flooring

About This Home

As of January 2018

Handsome, quality built, 1-story classic mid-50's home! 3 BR / 2 Baths + living, dining, kitchen, casual dining, den and huge bonus room. Bonus room can become 4th bedroom or master suite. Gracious blend of traditional and soft contemporary. Incredibly functional, flexible plan. Oversize multi-car carport with double drive off Minden. Convenient, desirable neighborhood. Beautifully and carefully maintained. Located in fine, fine area and surrounded by more expensive homes! Easy to show and love.

Last Agent to Sell the Property

David Tester

Marx-Bensdorf, REALTORS License #272903 Listed on: 09/22/2017

Last Buyer's Agent

Kellie Chapman

Sell901 Real Estate License #341348

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 12,632 Sq Ft Lot
  • Wood Fence
  • Landscaped Professionally
  • Corner Lot
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Soft Contemporary Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,380 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den with Fireplace
  • Pull Down Stairs to Attic
  • Laundry closet

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

  • Monitored
  • Storm Windows
  • Storm Doors
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Magnolia Park Second Addition Subdivision
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 055021 00038

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0.29 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Soft Contemporary, Ranch
  • Detached Unit Type: General Residential
  • Cross Street: Minden
  • MAAR Subdivision Name: MAGNOLIA PARK 2ND ADD
  • List Price Per Sq Ft: 116
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2380
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedroom 3 Description: Shared Bath, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, Ventless Gas Fireplace, In Living Room, In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Security System, Monitored Alarm
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Closet, Entry Hall
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Patio, Storage, Sidewalks
  • Exterior Windows: Brick Veneer, Vinyl Siding, Storm Window(s), Storm Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Security: Burglar Alarm, Fire Alarm, Monitored Alarm System
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Corner, Professionally Landscaped, Wood Fenced
  • Lot Number: 151
  • Acreage: 0.29
  • Lot Size: 0.29

Tax Info

  • Assessor Parcel Number: 055021 00038

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2017
Closed on
Jan 22, 2018
Sold by
Bought by
Seller's Agent
David Tester
Marx-Bensdorf, REALTORS
Buyer's Agent
Kellie Chapman
Sell901 Real Estate
List Price
$324,500
Sold Price
$268,000
Premium/Discount to List
-$56,500
-17.41%
Current Estimated Value
$430,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,564
Avg. Annual Appreciation
5.53%
Original Mortgage
$241,200
Interest Rate
0.0393%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2013
Closed on
Jun 20, 2013
Sold by
Bought by
Seller's Agent
Laurence Kenner
Marx-Bensdorf, REALTORS
Buyer's Agent
David Tester
Marx-Bensdorf, REALTORS
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Original Mortgage
$230,743
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
0.0821%

Purchase Details

Closed on
Jul 23, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$266,000 Closing & Title Svcs
$235,000 Premium Title Group Llc
$175,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $241,200
Closed $230,743
Closed $67,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2018 01/22/18 Sold $268,000 -17.4% $122 / Sq Ft
01/05/2018 01/05/18 Pending -- -- --
09/22/2017 09/22/17 For Sale $324,500 +38.1% $148 / Sq Ft
06/20/2013 06/20/13 Sold $235,000 -6.0% $107 / Sq Ft View Prior Sale
06/04/2013 06/04/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $249,900 -- $114 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,654 $98,675 $23,625 $75,050
2024 $2,835 $83,625 $23,625 $60,000
2023 $5,094 $83,625 $23,625 $60,000
2022 $5,094 $83,625 $23,625 $60,000
2021 $5,154 $83,625 $23,625 $60,000
2020 $5,125 $70,725 $23,625 $47,100
2019 $5,125 $70,725 $23,625 $47,100
2018 $5,125 $70,725 $23,625 $47,100
2017 $2,907 $70,725 $23,625 $47,100
2016 $2,827 $64,700 $0 $0
2014 $2,827 $64,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Tester

    Seller's Agent in 2018

    David Tester

    Marx-Bensdorf, REALTORS

    (901) 351-3439

    26 in this area

    118 Total Sales

    David Tester
    Section Image

  • K

    Buyer's Agent in 2018

    Kellie Chapman

    Sell901 Real Estate

    Section Image
  • Laurence Kenner

    Seller's Agent in 2013

    Laurence Kenner

    Marx-Bensdorf, REALTORS

    (901) 351-4210

    3 in this area

    28 Total Sales

    Laurence Kenner
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10011953

Memphis Area Association of REALTORS®

APN: 05-5021-0-0038

Tennessee Shelby County Memphis 38117 East Memphis

250 Wallace Rd, Memphis, TN

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